| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
71 Stock Overview
Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in the People's Republic of China.
Miramar Hotel and Investment Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$13.10 |
| 52 Week High | HK$14.90 |
| 52 Week Low | HK$11.70 |
| Beta | 0.42 |
| 1 Month Change | -5.62% |
| 3 Month Change | 5.82% |
| 1 Year Change | -9.53% |
| 3 Year Change | -13.25% |
| 5 Year Change | -25.40% |
| Change since IPO | 94.07% |
Recent News & Updates
Miramar Hotel and Investment Company (HKG:71) Is Paying Out Less In Dividends Than Last Year
Miramar Hotel and Investment Company, Limited's ( HKG:71 ) dividend is being reduced to HK$0.26 on the 8th of July. The...
Miramar Hotel and Investment Company (HKG:71) Will Pay A Smaller Dividend Than Last Year
Miramar Hotel and Investment Company, Limited's ( HKG:71 ) dividend is being reduced to HK$0.26 on the 8th of July. The...
Shareholder Returns
| 71 | HK Hospitality | HK Market | |
|---|---|---|---|
| 7D | -0.8% | 0.8% | 0.2% |
| 1Y | -9.5% | -22.3% | -21.9% |
Return vs Industry: 71 exceeded the Hong Kong Hospitality industry which returned -18.9% over the past year.
Return vs Market: 71 exceeded the Hong Kong Market which returned -20.5% over the past year.
Price Volatility
| 71 volatility | |
|---|---|
| 71 Average Weekly Movement | 4.1% |
| Hospitality Industry Average Movement | 7.3% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in HK Market | 12.8% |
| 10% least volatile stocks in HK Market | 3.2% |
Stable Share Price: 71 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 71's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1948 | 1,138 | Martin Lee | https://www.miramar-group.com |
Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in the People's Republic of China. It leases office and retail premises; and operates hotels and serviced apartments, as well as provides hotel management services. The company also operates restaurants; offers travel agency, property management, and financial services; and sells properties.
Miramar Hotel and Investment Company Fundamentals Summary
| 71 fundamental statistics | |
|---|---|
| Market Cap | HK$9.05b |
| Earnings (TTM) | HK$329.96m |
| Revenue (TTM) | HK$1.25b |
27.4x
P/E Ratio7.3x
P/S RatioIs 71 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 71 income statement (TTM) | |
|---|---|
| Revenue | HK$1.25b |
| Cost of Revenue | HK$557.77m |
| Gross Profit | HK$689.26m |
| Other Expenses | HK$359.30m |
| Earnings | HK$329.96m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 17, 2022
| Earnings per share (EPS) | 0.48 |
| Gross Margin | 55.27% |
| Net Profit Margin | 26.46% |
| Debt/Equity Ratio | 0% |
How did 71 perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield96%
Payout RatioValuation
Is 71 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 71?
Other financial metrics that can be useful for relative valuation.
| What is 71's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | HK$9.05b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.2x |
| Enterprise Value/EBITDA | 7x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 71's PE Ratio compare to its peers?
| 71 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.8x | ||
308 China Travel International Investment Hong Kong | 46.8x | 28.7% | HK$8.1b |
780 Tongcheng Travel Holdings | 47.2x | 41.9% | HK$35.9b |
201 Magnificent Hotel Investments | 13.1x | n/a | HK$858.9m |
219 Shun Ho Property Investments | 7.9x | n/a | HK$542.3m |
71 Miramar Hotel and Investment Company | 27.4x | n/a | HK$9.1b |
Price-To-Earnings vs Peers: 71 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (28.8x).
Price to Earnings Ratio vs Industry
How does 71's PE Ratio compare vs other companies in the HK Hospitality Industry?
Price-To-Earnings vs Industry: 71 is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Hong Kong Hospitality industry average (25.2x)
Price to Earnings Ratio vs Fair Ratio
What is 71's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 27.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 71's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 71 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 71 (HK$13.1) is trading above our estimate of fair value (HK$6.41)
Significantly Below Fair Value: 71 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Miramar Hotel and Investment Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
57.0%
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miramar Hotel and Investment Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Miramar Hotel and Investment Company's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Miramar Hotel and Investment Company competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Miramar Hotel and Investment Company performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-26.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 71 has a large one-off loss of HK$113.6M impacting its December 31 2021 financial results.
Growing Profit Margin: 71's current net profit margins (26.5%) are higher than last year (23%).
Past Earnings Growth Analysis
Earnings Trend: 71's earnings have declined by 26.2% per year over the past 5 years.
Accelerating Growth: 71's earnings growth over the past year (9.3%) exceeds its 5-year average (-26.2% per year).
Earnings vs Industry: 71 earnings growth over the past year (9.3%) underperformed the Hospitality industry 18.5%.
Return on Equity
High ROE: 71's Return on Equity (1.7%) is considered low.
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Financial Health
How is Miramar Hotel and Investment Company's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 71's short term assets (HK$5.6B) exceed its short term liabilities (HK$526.9M).
Long Term Liabilities: 71's short term assets (HK$5.6B) exceed its long term liabilities (HK$513.0M).
Debt to Equity History and Analysis
Debt Level: 71 is debt free.
Reducing Debt: 71 has no debt compared to 5 years ago when its debt to equity ratio was 4.9%.
Debt Coverage: 71 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 71 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Miramar Hotel and Investment Company current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 71's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).
High Dividend: 71's dividend (3.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.36%).
Stability and Growth of Payments
Stable Dividend: 71's dividends per share have been stable in the past 10 years.
Growing Dividend: 71's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (96.3%), 71's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (60.5%), 71's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Martin Lee (50 yo)
16yrs
Tenure
HK$100,000
Compensation
Dr. Ka-Shing Lee, also known as Martin, GBS, JP, DSSc (Hon), has been a Joint Chairman of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Hende...
Leadership Team
Experienced Management: 71's management team is seasoned and experienced (6 years average tenure).
Board Members
Experienced Board: 71's board of directors are seasoned and experienced ( 23.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Miramar Hotel and Investment Company, Limited's employee growth, exchange listings and data sources
Key Information
- Name: Miramar Hotel and Investment Company, Limited
- Ticker: 71
- Exchange: SEHK
- Founded: 1948
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Implied Market Cap: HK$9.052b
- Shares outstanding: 690.96m
- Website: https://www.miramar-group.com
Number of Employees
Location
- Miramar Hotel and Investment Company, Limited
- Mira Place Tower A
- 15th Floor
- Tsim Sha Tsui
- Kowloon
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/08 00:00 |
| End of Day Share Price | 2022/08/08 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.